Rama Steel Tubes Ltd up by 4.98 percent | Espresso

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Espresso Shot of the Day - Rama Steel Tubes Ltd up by 4.98 percent

August 05, 2022
Espresso Shot of the Day - Rama Steel Tubes Ltd up by 4.98 percent

RAMA STEEL TUBES LTD  481.35  (+4.98%)  BSE –  INE230R01027 | 5th August 2022

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Rama Group is one of the leading manufactures of Steel Pipes & Tubes and Rigid PVC & G.I. pipes in India. Established in 1974 by Sh. H.L. Bansal, Rama in one of the most trusted and established names in the steel tube and pipe market in India. The company makes some of the best steel tube products in India. Their range includes MS ERW black pipes from 15mm to 200mm diameter pipes in light, medium, and heavy sizes. As a pioneer and leader in the steel tubes industry, Rama Group is at the forefront of technology and research thanks to their constant innovation, attentive listening to a rapidly changing market and by providing customers value for their money. It is this vision to build lasting relationships with their vendors, partners, suppliers, associates, employees, customers, and stockholders. The company truly wants that anyone who comes in contact with Rama products and services should experience delight and satisfaction.


Recent Driver

  • RSTL informed on July 25, 2022 that it has received a new order from Himachal Pradesh State Electricity Board Limited total aggregating to -Rs. 9 crores 90 lakhs. This order will further strengthen RSTL's order book and credibility in the market.
  • RSTL informed that it has received 2 new orders from H.P. State Civil Supplies Corporation Limited for its Jal Shakti Vibhag, Himachal Pradesh, total aggregating to Rs.26.4 crores on July 21, 2022.
  • Company announced splitting its equity Share of face value of Rs. 5/- each fully paid up. These will be further sub divided into equity shares of face value of Re. 1/- each fully paid up on July 5,2022.
  • The manufacturing company reported a Quarterly Net Profit of Rs. 3.38 crores in March 2022, up 67.33% from Rs.2.02 crores in March 2021 on June 2,2022.
  • The company reported Net Sales of Rs 195.54 crores in March 2022, up 87.46% from Rs. 104.31 crores in March 2021 on June 2,2022.
(Sources: BSE,  Moneycontrol)


Technical Force*

  • S&P Bse small cap month till date gain by 2.03%.
  • 3 months avg. NSE volume: 119,624.
  • Quantity traded: 22,298 | Deliverable Quantity: 8,026 (35.99 %).
  • The stock price jumped by more than 120 % from a one-year low level: 204 (August 5 ,2021).
  • Daily RSI (14) is at overbaught territory today.
  • 52-week-high: 481.40| 52-week-low: 204.


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

739.48

540.87

440.33

241.72

141.18

-

-

-

Fibonacci Pivot

540.87

426.59

355.99

310.52

241.72

172.91

127.44

56.84

-


Today’s Close

481.35

SMA

BSE

10 DAY

442.73

20 DAY

416.54

50 DAY

389.48

200 DAY

338.61


Some Key Ratios (Source: BSE)

Market Cap: 808.38 crores

PE:  76.86

OPM%: 4.79

ROE%:  10.72

Promoters holding%: 70.46

Prev. Close:  458.50


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Chart and Technical Force data from the Binge desktop app

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.